Currency Convertibility


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Currency Convertibility

 

conversion (exchange) of the currency of a particular country for foreign currency. The convertibility may be partial, with the currency of the particular country being exchangeable only for certain foreign currencies, or complete, with no limitations on exchange.

References in periodicals archive ?
A host country's breach of contract ranked second with about 45%, and currency convertibility restrictions ranked third with about 35%.
"However, there are still some challenges that remain, like offshore cash pooling and currency convertibility. But so much has been accomplished."
In this work she explains a range of aspects of currency convertibility risks and their management.
However, despite the CBU's commitment to currency convertibility, some problems still exist.
In the early GATT rounds and in maintaining currency convertibility Canada was in the vanguard with the USA, even if Canadian tariffs did not come down so fast as American tariffs.
This article investigates the impact of currency convertibility under the current account on the informational linkage between official and swap market exchange rates for Chinese currency (renminbi).
"The guarantee will protect lenders against risks associated with currency convertibility and transferability and against premature termination of a 20-year power purchase agreement between the special purpose company and Corporacion Dominicana de Electricidad, the state utility," the IDB said;
"Twenty years ago, when even advanced countries were suffering from double-digit inflation, when intrusive foreign exchange control was a source of major economic distortions and wide-spread corruption, to preach the virtues of price stability and currency convertibility was clearly to move the world in the right direction.
Editorial included information on joint venture law, currency convertibility, rules of corporate governance, labor and environmental regulations, company and commercial law, and changes in taxation.
More is required than a few new laws, deregulation, and currency convertibility. For a people to be basically law abiding requires a mentality, personality, and culture that took the West centuries to evolve.
Proof can be seen in some of the indicators of market opportunity: currency convertibility, exchange control, stock exchange access, majority ownership rules and repatriation of capital and earnings.
The last major discussion is of issues on currency convertibility. I proceed comfortably to the concept of currency convertibility without monetary restrictions, was pleased with uses of convertibility, and readily agreed that the store of value was stronger in convertible holdings.